PM Shri. Narendra Modi is taking small but calculated steps to revive the growth rate of India.

The growth rate of India's eight core industries, which have a combined weight of 37.9% in the IIP, slowed down to 1.9% in September 2014. The slow down is attributed to to the fall in output of crude oil, natural gas, refinery products and fertilizer. The PM has inducted several new ministers to get the economy out of woods. Now the ministers assigned could lay down a strong policy besides take faster decisions to revive both the growth path of the India and the confidence in the present government. We hope that the growth of the India will be revived soon owing to this single action but the market has already discounted the future growth of India.

The next major reform expected from the current Government is the reform in GST. The GST is likely to be the centerpiece of the new government’s agenda for parliament when it reopens on November 24, 2014. Congress has already said it will support it. A well-designed GST would make India a true common market, give a lift to manufacturing and limit the scope for corruption—the sort of big-bang reform the new prime minister, Narendra Modi, promises.

We will have to check if GST will be a game-changer or merely a name-changer?